Price made a clean break of the wedge pattern since I last posted moving over 250 pips.. Price made a weekly closure above monthly key level 1300, I am now expecting a touch to the 38.2 fibonacci before a continuation up.. 1305 is acting as a level of resistance, but with the momentum as it is can easily rip though & continue higher. Gold looking to continue bullish though 2018 in my opinion next target is 1332 & potentially up to 1372 monthly resistance!
Note
Note
Monthly downtrend line has been broken, which could mean a big upside move is potential..Note
Note
1332 we coming.. : )Note
+150 pips currently .. : ) , since I first posted price has now moved 500 pips with no slowing downNote
price looks to be rejecting an area of resistance at 1320, a slight pullback from here is possible
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.